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Jabido, myself and ttny posed questions about the project, there was no concern about the JR, if there was not mentioned at the meeting. Cenkos attached a valuation of £30 - £50 M, Arun questioned this, £20M to a company the size of HARL is a lot, I said to Arun that I felt it was imperative that HARL retained an equity stake in the project as recession proof in the future. I got the impression that FID was in the early stage ( I could be wrong ), and therefore do not expect news till Q3/Q4, again I could be wrong, I am just trying to read between the lines. On another point, I would be hoping for contract new this/next week, if not more disappointment will set in.
Noel, I told you 1st week January that I had removed your filter, as the drivel you post gives me a laugh, clearly a sad being with nothing better to do than insult your fellow posters here, get a life, you might enjoy it !.
This could drop again today to .875/.9 looking at L2 trades/book.
Can't wait for the next trading/company update, that is if FLX does not come under offer from a larger cyber play, looking at the latest acquisition by Darktrace the minimum value here is £25M, patience here will be well rewarded during 2022 hence why I continue to add here. Roly
What is driving this two day rise..any ideas ? My 1st buy here was June 2021 @ 55p veeeery painful, av is now 29p so another 100% to break even for me, but Vatic news this month and £8M payment May hopefully, GLA holders here, Roly.
IMO given that Naval News acquired/used the concept image for 1 of 3 fleet solid support ships in the H & W yard, tells me that H & W will receive an MOD order for same, just not sure when..any ideas ?
Bubble, I am based in Ireland so looked up your next budget !! At the Belfast meeting we were told that the credit facility would be soon, as I said here I took that to be Q2, there was also talk of a unspecified contract that also was described as soon, not wanting to raise hopes for myself and posters here I also took that as Q2, given todays news I would hope/expect contract news before end March, latest April, as I have said here before HARL is a speculative BUY but the reward outweighs the risk with patience. Roly
Great news, not worried about 9% as this is quite common for a credit facility of this size and 100% value + of assets, I now think that contract news could drop this month based on what I heard during the Belfast Investors presentation. Roly
What makes you think that my post @ 13.21 was aimed at you ? I would not discredit you, as you are more than able to discredit yourself, have you bought your ticket ? tick, tock
6,000,000 @ 21p = £1,260,000. Not bad.
Have never seen a 50% spread before, something very wrong about that, and soon the value/mkt cap here will be @ cash. What is going on ?? .
Hello stokey12, for info the Eduard Toll is an Ice breaking design LNG carrier based in Russia in for emergency repairs, I think it is the first time that H & W have worked for that client, but do not quote me on that.
Avyererdowt, No singular project was discussed nor pricing, Saipen was delayed but that was out of H & W hands.
To reply to some of the points raised here yesterday, directors holdings, apart from the 750 K options @ 75p 2025, it was acknowledged that the holding by the two main directors was limited but being looked into, from my point of view (Not knowing their personal finances ) it would be a good message to the market to see more skin in the game. The repair side of the business is profitable and busy with both docks fully booked into April, and new customers being added.
I.M. The valuation of £35 - £50 M is a Cenkos valuation NOT harl and I got the impression that valuation was considered low, I put forward my own point that I felt H & W should retain an equity stake as it will be recession proof when operational . What we all have to remember here as shareholders, is that when the plan was put in place by Arun/J.W. in 2019 it was a 5 year plan, we are not half way through that yet, and yes it has cost shareholders and probably will cost more in the future, BUT if their vision comes to fruition shareholders with patience will be well rewarded, hence why I will continue to hold and increase if I see their plan unfolding in a positive way.
Oldtramp.......... Yes Lough Erne Lower/Upper Like you I also fly fish but mainly river for sea trout/salmon west coast ireland.
ttny, just done a proof read of my post, and see that I referred to you as a wise guy.............. not meant in the italian sense, will meet for a pint July when I am on the Erne, pints bought by furthest out on the SP close 1/7/2022, I will go with 30.5p.
Hello fellow HARL investors, will try to keep the 4 hour meet/tour brief. Met with TTNY very nice/wise guy sort of person you would invite for a pint to chew the fat with. There were 5 investors there, a few no shows down to poor weather, which was great as we had a good question time with Arun. For myself part of the reason for being there was the yard/dock tour, it is only when you see it in person can you get the sheer size of everything, we were down in the smaller dock with the Stena superfast but the wind down there was blowing about 60 KN, you had to lean into it and hang onto your hard hat, pointless talking, the tour was hosted by the Belfast general manager Steven and one thing I took from that was the passion and proudness he displayed during the tour about the facilities and work done so far, that alone would almost make you invest. Q & A was held in the board room, no displays , no power point , brochures or reams of paper, just a good old fashioned investors meeting without the guff. I.M. ttny posed the question although I think he read my notes as it was word for word !!! so I think it only fair that he share his findings here if he wishes, for myself I have no concerns about the future of the project. Credit facility negotiations nearing the end and the market will be notified of the terms, I take this to mean Q2 RNS. A undisclosed contract due to be announced shortly, I also take this as Q2. The big point...Fundraise Not in the near future, but not ruled out at a later date, there was a good conversation about this point and the rationale was explained, but I do not have time now to go into this. Contracts, there is a large pipeline of contracts awaiting decision £30M - £200M. Scotwind, HARL are in negotiation with 11 of the 15 companies involved, lead time is 2 years however due to the nature of new design being the floating turbines there are opportunities for HARL to build the prototypes @ £5M a pop. My investor mentor advised me to always pose this question at similar meetings, I explained my holding and timing to Arun including that I had advised family/few friends to invest which they had done..........would he do same, without hesitation his reply was absolutely yes, that to me is telling. I know my update is brief but IMHO Harl is a speculative buy and the reward outweighs the risk but this is AIM, but I will continue to hold. Roly